Credits Coin (CS) Integrated Into FinWhaleX
The agreement opens up new opportunities for Credits Coin holders in receiving loans with CS Coin collateral on the balance of the platform.
The integration of Credits coins into FinWhaleX allows borrowers on the platform to borrow money secured by Credits Coins based on a loan agreement after directly discussing the conditions with a private lender. After reserving the Credits coins, users can access financing in BTC, ETH, USDT, USDC, TUSD.
FinWhaleX is a specialized cryptocurrency platform for P2P lending pledged to digital assets, such as BTC, ETH, etc. The current number of users of the platform has exceeded 18,000, while the total turnover of funds on the platform currently stands at $1 million. FinWhaleX is the first platform in the world to accept Steam inventory as collateral. The platform offers real money secured by the gaming equipment of the Steam Market, as well as the possibility of obtaining loans secured by digital assets via a direct agreement between the lender and the borrower.
The main advantages of the integration are the elimination of currency gateways as intermediaries in the process of issuing loans. Credits Coin holders will no longer be required to sell their assets to get the funds needed. Users will also be able to take out loans using Credits Coins and return the deposit after repayment.
Additional benefits include no need for credit checks, and users will no longer need to prove their creditworthiness and solvency. The flexible terms offered by FinWhaleX provide users with the ability to quickly and easily resorting to a variety of payment methods for withdrawing the borrowed funds.
The digital asset-based lending industry is growing rapidly and is contributing to the growth of the cryptocurrency community. The wider use of the Credits Coin as a means of lending and borrowing will undoubtedly have a positive effect on the liquidity of the asset. Stay tuned for more news and updates from Credits.
Disclaimer: The user expressly knows and agrees that the user is using the FinWhale platform at the user’s sole risk. The Credits team cannot be held liable for funds stored on third-party services. The user is encouraged to conduct their own due diligence before deciding to use any third-party services.